loanDepot Q2 net loss narrows to $49.8M; revenue up 31% sequentially

loanDepot, Inc.

2023-Q2 EPS reported -$0.38

Revenue $271.8M, up 31% from Q1; net loss narrowed 46% to $49.8M from $91.7M.
Adjusted net loss $34.3M vs $60.2M in Q1; diluted EPS loss $0.13 vs $0.25.
Gain on sale margin improved to 2.75% (pull-through weighted 2.85%) from 2.43% in Q1.
Cash balance $719.1M; company maintains strong liquidity.
Origination volume $6.27B, up 27% from Q1; pull-through weighted lock volume $6.06B.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

loanDepot, Inc. reported three and six months ended June 30, 2023 results: revenue $271,833, net income ($49,759), EPS $(0.13).

Period: three and six months ended June 30, 2023
Revenue: $271,833
Net income: ($49,759)
EPS: $(0.13)
Result: reported results

Exact text from the filing

Gain on sale margin (2) 2.75 % 2.43 % 1.16 % 2.61 % 1.62 % Pull through weighted gain on sale margin (3) 2.85 % 2.26 % 1.50 % 2.57 % 1.89 % Financial Results Total revenue $ 271,833 $ 207,901 $ 308,639 $ 479,734 $ 811,949 Total expense 330,148 314,484 560,657 644,632 1,166,913 Net loss (49,759) (91,721) (223,822) (141,480) (315,141) Diluted loss per share $

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loanDepot, Inc. filing history →

Source: SEC EDGAR

accession 0001831631-23-000255

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